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Deployments · Broadridge Distributed Ledger Repo (DLR) · platform by Broadridge

Broadridge Distributed Ledger Repo (DLR)Updated 7 Nov 2026

Broadridge's platform for settling repo on a distributed ledger, moving tokenised collateral between counterparties and supporting intraday repo. By volume it is the largest institutional tokenisation platform tracked here, averaging more than $350 billion a day through mid-2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled)[3] — Monthly volumes in the trillions of dollars. · Reviewed 1d ago

Assets
Undisclosed[3]
Tokenised repo collateral; the asset mix is not broken out in the cited releases
Networks
Broadridge DLR ledger Private, permissioned[3]
Use cases
Repo[3]Intraday repo[3]Collateral mobility[3]
Jurisdictions
United States

Participants

  • BroadridgePlatform provider, Operator, Technology provider[3]United States
  • Société GénéraleCounterparty[11]France
  • UBSCounterparty[7][8][9]Switzerland
  • J.P. MorganCash leg provider[10]United States
  • Other bank and dealer counterparties are not named in the cited releases (in May 2024 DLR served eight entities; UBS's first intraday repo counterparty was an unnamed global Asian bank).[3]

Metrics

  • ~$368bn / dayAverage daily repo volume · as of Apr 2026[6]
  • $7.2tn / monthRepo volume · as of May 2026[5]
  • $7.5tn / monthRepo volume · as of Jun 2026[4]
  • $8tn / monthRepo volume · as of Jul 2026[3]
  • $365bn / dayAverage daily repo volume · as of Jul 2026[3]
  • $7.5tn / monthRepo volume · as of Sep 2026[1]
  • $359bn / dayAverage daily repo volume · as of Sep 2026[1]
  • 457 percent / yearYear-over-year growth · as of Feb 2026[2]
    February 2026's daily average volume versus February 2025.

Timeline

  1. Happened Sep 2026 (month only) · Volume milestone · recorded 7 Nov 2026
    DLR processes $7.5 trillion for the month, a daily average of $359 billion.[1]
  2. Happened 7 Jul 2026 · Announcement · recorded 7 Nov 2026
    Broadridge makes aggregated DLR market data available to Bloomberg Terminal subscribers through a collaboration with Kaiko.[4]
  3. Happened Jul 2026 (month only) · Volume milestone · recorded 11 Oct 2026
    July volume reaches $8.0 trillion, a daily average of $365 billion.[3]
  4. Happened Jun 2026 (month only) · Volume milestone · recorded 11 Oct 2026
    Volume reaches $7.5 trillion for June; DLR market data becomes available on Bloomberg terminals.[4]
  5. Happened May 2026 (month only) · Volume milestone · recorded 11 Oct 2026
    DLR processes $7.2 trillion in the month, reported as a 220% rise on a year earlier.[5]
  6. Happened 29 Jun 2022 · Participant joined · recorded 11 Oct 2026
    Société Générale goes live on the platform.[11]

Sources

  1. [1]Broadridge's Distributed Ledger Repo Processes $7.5 Trillion in September — Broadridge. Accessed 7 Nov 2026.B
  2. [2]Broadridge's Distributed Ledger Repo Platform Achieves 457% Year-Over-Year Growth in February — Broadridge. Accessed 7 Nov 2026.B
  3. [3]Broadridge's Distributed Ledger Repo Processes $8.0 Trillion in July — Broadridge, 10 Aug 2026. Accessed 11 Oct 2026.B
  4. [4]Broadridge's Distributed Ledger Repo Processes $7.5 Trillion in June — Broadridge, 7 Jul 2026. Accessed 11 Oct 2026.B
  5. [5]Broadridge's Distributed Ledger Repo Achieves 220% Year Over Year Growth; Processes $7.2 Trillion in May — Broadridge, 8 Jun 2026. Accessed 11 Oct 2026.B
  6. [6]Broadridge's Distributed Ledger Repo Achieves 268% Year Over Year Growth in April 2026 — Broadridge, 4 May 2026. Accessed 11 Oct 2026.B
  7. [7]Broadridge Onboards UBS Onto Distributed Ledger Repo Platform — Broadridge, 9 Aug 2021. Accessed 28 Oct 2026.B
  8. [8]UBS Executes First Cross-Border Intraday Repo Trade on Broadridge Distributed Ledger Repo Platform — Broadridge, 3 Apr 2023. Accessed 28 Oct 2026.B
  9. [9]UBS goes live on Broadridge's New Distributed Ledger Sponsored Repo Solution — Broadridge, 2 Oct 2023. Accessed 28 Oct 2026.B
  10. [10]Broadridge, JP Morgan Accelerate Repo Settlement — Markets Media, 29 May 2024. Accessed 28 Oct 2026. Quotes Broadridge's head of digital innovation; also says DLR then processed over $1 trillion a month for eight entities..C
  11. [11]Societe Generale to join Broadridge's DLR platform — Broadridge, 29 Jun 2022. Accessed 11 Oct 2026.B

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